2024 SEK to CVE Historical Review

YEARLY HIGH

9.9088 CVE

YEARLY LOW

9.3315 CVE

YEARLY AVERAGE

9.6491 CVE

2024 SEK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SEK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 9.9088. Conversely, the yearly low was recorded on April 30, dropping to 9.3315.

This high-to-low spread represents a total annual volatility of 0.5773 CVE. From a start-to-finish perspective, comparing the January average rate of 9.7759 to the December average rate of 9.5717, the exchange rate registered a net change of -2.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 9.9088 was down 1.79% compared to the 2023 peak of 10.0898, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SEK based on timing:

Yearly Peak High 49,544 CVE

2023 Average 48,124 CVE

Yearly Trough Low 46,658 CVE

Transaction Impact: A difference of 2,886.64 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

9.8315

9.4625

JanuMarcMayJulySeptNove

SEK to CVE Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 9.6793, compared to 9.6188 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0605 points.

H1 Avg (Jan–Jun) 9.6793

H2 Avg (Jul–Dec) 9.6188

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.4588 CVE (High: 9.8369 / Low: 9.3781). On the other end, September was the most stable month, with a tight range of 0.2154 CVE (High: 9.8391 / Low: 9.6237).

July Spread (Volatile) ±0.4588

September Spread (Stable) ±0.2154

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.2481 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2481

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 9.7759) against the same month in 2023 (average: 9.8635), the exchange rate shifted by -0.0877 (-0.89%).

2024 Avg (January) 9.7759

2023 Avg (January) 9.8635

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.9088	9.6722	9.7759
February	9.8985	9.6540	9.8008
March	9.8999	9.5596	9.7414
April	9.6330	9.3315	9.4933
May	9.6913	9.4079	9.5053
June	9.8674	9.6415	9.7593
July	9.8369	9.3781	9.5658
August	9.7592	9.5297	9.6526
September	9.8391	9.6237	9.7229
October	9.7613	9.5405	9.6693
November	9.6541	9.3352	9.5306
December	9.6507	9.4346	9.5717